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World's Best and Worst Pension Systems in 2020: Mercer Report

World's Best and Worst Pension Systems in 2020: Mercer Report

Mercer CFA Institute Global Pension Index, on Tuesday, published their annual global survey of the best and the worst pension systems in the world.

 

Where Netherlands, Denmark, Israel, Australia and Finland make the top five countries in the list, Thailand, Argentina Turkey, Philippines and Mexico made the bottom five. India stood at sixth from last based on the three sub-indices i.e., Adequacy, Sustainability and Integrity used to measure a country’s pension system.

 

The report cited that the scores of 20 countries tumbled this year due to the economic fallout from the Covid-19 pandemic and the global recession which led to reduced pensions, lower investment returns and higher government debt in many countries.

 

David Knox, the report’s author and senior partner at Mercer said, “The primary objective of this research is to benchmark each retirement income system using more than 50 indicators. An important secondary purpose is to highlight some shortcomings in each system and to suggest possible areas of reform that would provide more adequate retirement benefits, increased sustainability over the longer term and greater community trust in the pension system.”

 

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